Tesco Cars sent to the scrapheap

Supermarket juggernaut Tesco has closed its online used car business, just one year after opening it to great fanfare.

The company says it was forced to finish the venture because it could not get its corporate claws on enough used cars. It had expected to shift up to 3,000 cars per week, but reportedly was selling as few as 150 per month towards the end. It had made redundancies in December.